GWR Group (ASX:GWR) has commenced a diamond drilling 31 hole 4,650m program at the Prospect Ridge Magnesite project located in north west Tasmania.
The Phase 1 program is designed to test the central portion of the Arthur River deposit to investigate continuity and gain an understanding of drilling conditions and provide additional samples for metallurgical test work and potential offtake partners.
Following the completion of the entire program the Group intends to prepare an updated Mineral Resource Estimate.
It's also assessing metallurgical tests with potential off takers, review of effective and low-cost, low carbon downstream processing for a high-quality low waste magnesium product, and opportunities for a “green processing opportunity” with potential industrial hubs with nearby renewable energy sources.